Select plans Dubai addition

Select Property has launched Botanica, its 4th exclusive off plan
development in Dubai Marina.Occupying the nearest location to the beach
that is permitted for residential property in the marina, and within close
proximity to two commercial centres, Botanica is an ideal investment
property.

In addition to high capital growth, projected at 15% per annum, Botanica
offers superb rental potential as it appeals to both residents and holiday
makers.  In the Dubai Marina, its convenient location to Media City and
Internet City, which are home to the likes of Cisco Systems, Microsoft and
CNN, while also being on the doorstep of the premier hotels and beaches,
makes the accommodation incredibly marketable - helping to sustain high
rental yields and growing capital appreciation.

 

Mark Stott, Managing Director, Select Property; “While some reports suggest
that the Dubai property market is saturated and rental yields are low, this
is contrary to our experience.      Our properties have typically seen a 15%
rise per annum.  With supply continuing to outweigh demand and with the
population predicted to double to 2.5 million by 2010 this will create
demand for 480,000 residential units.  In addition Dubai International
Airport saw an increase of 16.2% of passengers passing through the airport
in 2006 to 29 million passengers, with expansion plans to cater for 70
million passengers per annum by 2009.”

 

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“Botanica is the last premier site to be sold in Dubai Marina and brings
together the glamour, luxury and comfort that are synonymous with Dubai,
but with an added twist that sets it apart from every other development in
the Marina.  It is the only residence in the Marina to offer a tropical sky
garden on the 22nd floor, enabling residents to experience a 360 degree
view of the Dubai skyline from a tranquil and serene setting which is truly
exceptional.”
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